I would say that some traders just made some bad calls!
With a smaller offset, they’d have had a better chance to make better calls.
It’s always about probability…
Status update 2-Apr-2016 12:08pm UTC:
Change highlights:
Nubits sold out on my Poloniex Pybot! @flot, pls consider request to exchange some BTC for NBT (2000?)
Some NBT on Bittrex sold, but still adequately balanced.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 9.97 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 0 (on order)
Tier 2: 0
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 0.66 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 1,000 (on order)
Tier 2: 724.67
Status update 9-Apr-2016 3:44am UTC:
Change highlights:
Situation reversed since last week. All Poloniex funds back on sell side after a number of transactions.
Bittrex only a handful transactions, most funds still on sell side.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 2000 (on order)
Tier 2: 2264
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 0.70 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 1,000 (on order)
Tier 2: 707.03
Status update 14-Apr-2016 7:27am UTC:
Change highlights:
No change, mainly due to LiquidBits outage. Orders are on exchange right now, but liquidity is not updated.
Bittrex 11-Apr; 5 BTC deposited by FLOT, only one small trade observed also mainly due to outage.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 2000 (on order)
Tier 2: 2264
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 5.70 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 1,000 (on order)
Tier 2: 708.62
Thank you for the report.
Expect to receive 9.5 BTC (valued approx. $4k) at your Poloniex account: FLOT BTC Operations (buy side)
Maybe rather not: FLOT BTC Operations (buy side)
There is something broken with the liquidity reporting, apparently Alix is also affected. Hope it is just the LiquidBits ALP software. The figures reported by LiquidBits are incorrect/outdated as far as I’m concerned.
Status update 17-Apr-2016 3:46am UTC:
Change highlights:
Liquidity is updated again after issues with LiquidBits wallet were resolved.
All Poloniex funds are back on sell side. Bittrex buy side funds are still available, not many transactions.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 2000 (on order)
Tier 2: 2265.58
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 4.7071 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 1,000 (on order)
Tier 2: 1135.03
Status update 21-Apr-2016 5:48am UTC:
Change highlights:
All Poloniex funds on sell side (no change). Bittrex buy side funds are still available but halved.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 2000 (on order)
Tier 2: 2265.58
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 2.44 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 1,000 (on order)
Tier 2: 2154.78
Status update 24-Apr-2016 8:32am UTC:
Change highlights:
Sold a good chunk of NBT on Poloniex. Market on the move apparently with Bitcoin reaching new peaks. Bittrex no change.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 6.3350 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 1310.91 (on order)
Tier 2: 0
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 2.44 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 1,000 (on order)
Tier 2: 2154.78
Status update 3-May-2016 8:18am UTC:
Change highlights:
Received Bitcoin last week by FLOT were sold almost immediately, leaving more NBT reserve and unbalanced books. Today there was a decent sell of NBT on Poloniex basically balancing the books again. Apparently some uncertainty in the direction of the Bitcoin markets.
Bittrex, all BTC were sold during last period, leaving only NBT for sale in the books.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 8.6934 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 2,000 (on order)
Tier 2: 368.90
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: n/a
Sell [NBT]
Tier 1: 1,000 (on order)
Tier 2: 3,250.44
Due to the narrower allowed spread set on the server-side as per the term 8 grant, it appears that the LiquidBits server no longer advertises the liquidity for Bittrex and Poloniex to the Nu client as that now exceed that value. The orders are properly placed and the liquidity is available so Alix should still see it.
Status update 10-May-2016 8:44am UTC:
Change highlights:
Poloniex: All NBT were sold in last 24h.
Bittrex, Oddly enough the opposite, all BTC were sold, leaving only NBT for sale in the books.
With the last server update, I have changed server settings so PyBot now limits buy orders too. The buy and sell limits are identical (see op). I’ve updated the table below accordingly.
Poloniex NBT/BTC (active since 9-Mar)
Buy [BTC]
Tier 1: 4.3081 (on order)
Tier 2: 9.7005
Sell [NBT]
Tier 1: 0 (on order)
Tier 2: 0
Bittrex (active since 15-Mar)
Buy [BTC]
Tier 1: 0 (on order)
Tier 2: 0
Sell [NBT]
Tier 1: 1,000 (on order)
Tier 2: 3,239.96
How’s your bittrex bot? Someone bought a couple dozen nbt at $1.17
Not sure what happened there. The bot seems to be behaving, although I can’t rule out some price feed issues. The same would have happened at Poloniex at the same time being subject to the same feeds and would have likely resulted in the sell of many cheap BTC. There is no evidence that happened or maybe nobody was paying attention?
It is like someone exploits a nubot’s bug? whenever wants to trade.
And he does it randomly in order to avoid suspicion!
Yes, i have big imagination
Exploiting a NuBot bug with PyBot? I can’t even imagine
Ah, my bad!
Then it is more possible to have the same kind of price feed errors for pybot and nubot.
I am glad this could be the real reason
Price feed issues are unfortunately serious issues, which can cost Nu (directly or indirectly) lots of money…
I have some errors from about 24h ago about the Yahoo feed not being responsive. I suppose the NuBot logs should also have those messages in the logs?